mynth
← DATABASE
12/2015

SALAD SIGNATURE acquired by IK PARTNERS

NETHERLANDS Food Processing / Food Products REV 100M - 200M EUR

Context

IK Investment Partners has agreed to acquire Salad Signature from AAC Capital. The company generated revenue of EUR176 million in 2015. This Secondary LBO facilitates the exit of AAC Capital, which had built the group through the merger of Johma and Hamal. IK's strategy is to support the management team in expanding beyond the core Benelux market into France, Scandinavia, the UK, and Germany, both organically and through add-on acquisitions.

SALAD SIGNATURE, which reported an EBITDA margin of in 2015, is valued in this transaction at an EV/EBITDA multiple of , a level to compare with the average currently observed in the AgriFood sector (10.7x).

-> Deep-dive in AgriFood market trends

Target

Salad Signature is a leading branded food franchise in the fresh categories of spreads, dips and salads, selling its products both through private labels and its own brands. The Company s core markets are the Netherlands and Belgium, with an emerging international presence in France, Scandinavia, UK, Germany, and Poland.

Ent. Value

Equity Value

Multiples

EV / Revenue

EV / EBITDA

EV / EBIT

Historical Financials (EUR)

Year
Rev
EBITDA
EBIT
2015
2014

Similar deals in Food Processing

List of similar M&A transactions (Date, Acquirer, Target, Country, Sub-sector)
DateAcquirerTargetCountrySector
03/2016REFRESCODISNETHERLANDSBeverages
03/2016CAMPARI GROUPMARNIER-LAPOSTOLLEFRANCEWines & Spirits
12/2015CORPFIN CAPITALEURO GAMMAITALYIngredients
10/2015ARDIANSOLINA GROUPFRANCEIngredients
07/2015GRUPO BIMBOPANRICOSPAINFood Products
07/2015ARDIANIRCAITALYIngredients
06/2015IK PARTNERSCERELIAFRANCEBakery / Pastry
06/2015TA ASSOCIATESHANA GROUPFRANCEFood Products
05/2015SOLINA GROUPPAULIG GROUP - Corporate FLAVORING DIVISIONFINLANDIngredients
04/2015PAMPLONA CAPITAL MANAGEMENTPARTNER IN PET FOOD (PPF)HUNGARYPetfood

REFERENCES

Revenue range: 100M - 200M EUR

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of SALAD SIGNATURE by IK PARTNERS are reserved for mynth community members. Register for free to unlock full data.

Authors: This transaction was contributed by a verified mynth contributor and cross-checked against available transaction documents and official company communications.

Press release: view release

Target: salad signature

Acquirer: ik partners